You are here: Home » Companies » News
Business Standard

UK's Lloyds to shift 1,000 insurance unit workers to TCS

No time frame for the move was given by the company to its employees

Reuters  |  London 

Tata Consultancy Services
A private security guard stands at the exit gate of the headquarters of Tata Consultancy Services (TCS) in Mumbai | Photo: Reuters

Banking Group on Tuesday told about 1,000 staff in its division that they will be moving to Diligenta, a subsidiary of India's Tata Consultancy Services, according to the Unite union.

Unite said that the staff at Scottish Widows and Clerical Medical in and will be transferred to the new company. No time frame for the move was given.

"The bank's 'sale' of its committed Scottish Widows and Clerical Medical staff represents contempt for long-serving and skilled employees," Rob MacGregor, a Unite national officer, said in a statement.

"The message from Banking Group is loud and clear and appears to be 'so long, thanks for your efforts, you work for them now'."

First Published: Tue, September 26 2017. 17:38 IST